Summary by Moomoo AI
ZX INC announced its mid-year financial report on June 30, 2024, showing that the revenue for the period was 3,225,776 RMB, slightly lower than the 3,400,091 RMB in the same period last year. The gross profit increased from 2,294,078 RMB last year to 2,364,169 RMB. However, the company incurred a loss of 384,953 RMB during the period, compared to a profit of 300,261 RMB in the same period last year. The report indicated that the loss was mainly due to an increase in investment losses, as well as rising sales and distribution expenses. In addition, the company announced that Ms. Liang Wenhong will take over as CEO from Mr. Wu Xubo starting from August 30, 2024, while Mr. Wu will continue to serve as the chairman of the board of directors. ZX INC continues to innovate and develop in the mobile gaming sector, promoting multiple multilingual games in the global market to achieve cultural export and business expansion. The company will uphold the concept of technological innovation in the future, advancing its globalization strategy.
